Winnefox Library System
				Balance Sheet
				As of June 30, 2004
					Jun 30, 04
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		543,119.61
		Total Checking/Savings			543,119.61
		Accounts Receivable
			1-1100 · Accounts Receivable		7,851.30
		Total Accounts Receivable			7,851.30
		Other Current Assets
			1-1065 · West Pointe CD		116,214.77
			1-1070 · Undeposited Funds		238.96
		Total Other Current Assets			116,453.73
	Total Current Assets				667,424.64
	Other Assets
		1-1150 · PrePaid Rent			27,500.00
	Total Other Assets				27,500.00
TOTAL ASSETS					694,924.64
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	-813.91
			Total Accounts Payable		-813.91
			Other Current Liabilities
				1-2010 · Due to Member Libraries	27,457.97
				1-2060 · County Grants Payable	84,137.90
				1-2100 · Payroll Liabilities	5,014.64
			Total Other Current Liabilities		116,610.51
		Total Current Liabilities			115,796.60
	Total Liabilities				115,796.60
	Equity
		1-2600 · Opening Bal Equity			148,051.41
		1-2601 · Allocated Vehicle Res Equity			30,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		1-2650 · Retained Earnings			21,326.94
		Net Income			300,547.11
	Total Equity				579,128.04
TOTAL LIABILITIES & EQUITY					694,924.64